Laredo Petroleum stock ticker symbol

Laredo Petroleum stock ticker symbol ; Laredo Petroleum Holdings, Inc., a Delaware corporation (the "Company" or "Laredo Petroleum"), announced today the pricing of its initial public offering of 17,500,000 shares of its common stock at $17.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 2,625,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

The shares of common stock are expected to begin trading on the New York Stock Exchange on December 15, 2011 under the ticker symbol "LPI." The offering is expected to close on or about December 20, 2011 , subject to customary closing conditions.

Upon completion of the offering, the public will own approximately 14% of the outstanding shares of the Company's common stock, or approximately 16% if the underwriters exercise their option to purchase additional shares of common stock in full. The Company intends to use the net proceeds from the offering to repay its outstanding indebtedness under its revolving credit facility.

J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch and Wells Fargo Securities are acting as joint book-running managers for the offering. Tudor, Pickering, Holt & Co. is acting as lead manager for the offering. Societe Generale, Mitsubishi UFJ Securities, BMO Capital Markets, BNP Paribas Securities Corp., Scotia Capital, Capital One Southcoast, BOSC, Inc., BB&T Capital Markets, Comerica Securities and Howard Weil Incorporated are acting as co-managers for the offering. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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